Director Strategic Options amp Assessment

Profile

Bristol-Myers Squibb is a global Biopharma company committed to a single mission: to discover, develop, and deliver innovative medicines focused on helping millions of patients around the world in disease areas such as oncology, cardiovascular, immunoscience and fibrosis.

Join us and make a difference. We hire the best people and provide them with a work environment that places a premium on diversity, integrity, collaboration and personal development. Through a culture of inclusion, we create a better, more productive work environment. We believe that the diverse experiences and perspectives of all our employees help to drive innovation and transformative business results.

Bristol Myers Squibb is a global biopharmaceutical company committed to transforming patients’ lives through science. At the core of that mission are the talented individuals who contribute their “unique” skillsets to help us drive innovation and deliver truly life-changing drugs for our patients. As we continue to pursue that mission, we’re looking for talented professionals like you to join our team. What unique gene will you bring?

The Director of Strategic Options and Assessment is responsible for scoping and ensuring delivery of insight and analysis to support the development of early/late assets and portfolio strategies in areas that are particularly complex. The role requires independent and strategic thinking partnership with our therapeutic area leaders (clinical, commercial, etc.), and other business partners to ensure pipeline asset decisions that best position BMS for maximum return on investment and positive patient outcomes. The role is that of a senior analyst providing financial analysis of the development options and using that analysis to provide insights into the tradeoffs among the options, with the goal of enabling value-driven R&D decisions. It will involve coaching more junior analysts and participating as an expert on issues that are especially complex or difficult. The Director will take a significant role in representing SO&A or BIA R&D on pan-matrix initiatives. She/he will also substitute as leader for particular therapeutic areas in cases where the Director for the therapeutic area is not available.

Background

Strategic Options & Assessment (SO&A) is part the R&D arm of BMS’s Business Insights and Analytics (BIA) team. We have two primary roles:

Act as strategy consultants to BMS’s development teams

Help teams create alternative development paths for review by governance

Provide a value lens on those alternatives and highlight the financial tradeoffs among them

Own and manage the methodology and process for assessing probabilities of technical and regulatory success (PTRS) using BMS’s validate approach.

Coordinate the AITs (Analytic Integration Teams) that are key to:

Ensuring that analytic inputs into development decisions are built with consistent assumptions.

Maintaining transparency about those assumptions.

Driving an evergreen view of our development portfolio

Reacting systematically to events that may change the value of BMS’s investment in development

Supporting value-based decision making about amendments or reprioritization of trials that might be created by those events.

Position Summary

The Director of Strategic Options and Assessment is responsible for scoping and ensuring delivery of insight and analysis to support the development of early/late assets and portfolio strategies in areas that are particularly complex. The role requires independent and strategic thinking partnership with our therapeutic area leaders (clinical, commercial, etc.), and other business partners to ensure pipeline asset decisions that best position BMS for maximum return on investment and positive patient outcomes. The role is that of a senior analyst providing financial analysis of the development options and using that analysis to provide insights into the tradeoffs among the options, with the goal of enabling value-driven R&D decisions. It will involve coaching more junior analysts and participating as an expert on issues that are especially complex or difficult. The Director will take a significant role in representing SO&A or BIA R&D on pan-matrix initiatives. She/he will also substitute as leader for particular therapeutic areas in cases where the Director for the therapeutic area is not available.

Roles and Responsibilities

Influence decision making in his/her development teams.

Provide leadership in framing issues and in resolving difficult situations for more junior staff

Contribute to the framing and execution of therapeutic area portfolio analysis and influence decisions taken at that level

Bring best practices from the industry and tailor them to make them implementable in SO&A and BMS. Train the SO&A and other teams in how to implement these practices.

Track pipeline performance against expectations, identify areas for potential intervention, and assist with the strategy for pipeline spend and trade-offs associated with this spend

Enable analytical input and substrate for enterprise process such as strategic planning, therapeutic area budgeting, and long-term financial planning

Quantify and lead technical and regulatory risks

Ensure that the SO&A team

Integrates risk assessment, projections of commercial revenues, and costs, in order to value R&D investments for both milestone decisions and for portfolio planning

Provides support for evaluation of licensing and business development opportunities within their therapeutic area

Organize and deliver the SO&A portion of portfolio reviews for therapeutic area management and their counterparts.

Represent SO&A and/or BIA R&D on cross functional teams to support R&D or BMS-wide initiatives. Examples of topics include therapeutic area strategy, annual budget/strategic planning processes, (re)design of the company’s processes, and roles in support of building and managing SO&A.

Requirements

Masters in Sciences, Engineering, Quantitative Social Science, or Business is required.

6 years of experience implementing decision-analytic strategy processes in pharmaceutical/biotech development. Evidence of excellence in that role.

OR 8 years of experience in forecasting, financial modeling, valuation, and/or decision analysis in a different industry

Background in Statistics, Psychology or Organizational Behavior, and/or Change Management is preferred

Experience with process design and re-engineering is preferred

Vision, leadership, comfort with ambiguity, ability to drive change and influence decisions across multiple stakeholders

Demonstrated ability to manage competing priorities

Experience communicating key issues and opportunities to the attention of key business stakeholders

Strong facilitation skills - experience in a management consulting or internal consulting setting is desirable.

Demonstrated expertise at structuring and completing insightful financial analyses combined with an ability to clearly communicate insights to stakeholders and senior management. Experience coaching others to do the same.

Demonstrated ability to operate in multiple therapeutic areas.

Strong skills in financial valuation modeling and analysis using spreadsheet software

Experience using decision analysis techniques to evaluate investments under uncertainty and experience with standard Excel Monte Carlo packages (such as @Risk or Crystal Ball)

A deep understanding of clinical development, regulatory issues, and market dynamics in the pharmaceutical industry.

Bristol-Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees the resources to pursue their goals, both at work and in their personal lives.

Bristol-Myers Squibb is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Company info

Bristol-Myers Squibb Company
Website : http://www.bms.com